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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (26327)	3/6/1999 9:32:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

My own bookmarks and threads which 'complement' the MG thread. General Market Trends (these a must in morning): Trading in and Out for Profits, MDA - Market Direction Analysis Technical Analysis threads:The 56 Point TA; Charts With an Attitude and Z-Place to Talk Stocks. Daytrading threads 'almost' in real time including shorting and gap plays: No Hand Holding...Picks Only, Lastshadow's Position Trading.. Some of these threads might help you if you are relatively new to trading and to better utilize the MG picks by getting an idea 'general market trend' in the early morning. I rarely have time to read other threads so usually during the weekend I make up for lost time. Some of these threads are complementary to the market gems thread (I know there are other good threads but I really don't have that much time to research them and I'm comfortable reading the ones I have chosen since I'm familiar with the hosts and their trading acumen.

To: Jenna who wrote (26327)	3/6/1999 11:00:00 PM
From: kha vu	Read Replies (1) \| Respond to of 120523

DOW at 10,000... Here is the technical analysis of DOW surpassing 9700 and there is chart to be viewed at: signalwatch.com Market Neutral Trading ============================================= Well, we far surpassed my upside target of 9600 on Friday. In fact, we broke to new highs, and the best part is, we consolidated just below 9700 and held, to rally another 36 points at the close. Digging up any past thoughts about the upward bias of this market is probably counter- productive at this point. But you can see the raw strength in that morning move Friday. It was a doozey! O.K. So, what now? There were lots of nice Longs Friday (and of course, some nice, selective shorts). Now, the question is, will we continue past 10,000? I think so -- and probably sooner than most would like to admit. But, with that kind of a rally, we are going to be vulnerable to retracements for a few days. Monday, I would watch for a pull back to 9700. If the Dow holds above 9700, or if it powers up again, that would be a good signal to me that the New Bull has just started flexing its muscles. Whenever you have meteoric rises like this, you will have resting points (consolidations) along the way. You can watch for these patterns to form, and then trade in the direction of the breakout. Note the consolidation we saw mid-day Friday (marked on the 60 Minute chart). Technically, this pattern implies that we could move up another 150 to 200 points Monday. I know that's hard to believe (for me as well), but the way to use this information is to watch for strength. If the average starts moving hard up again, that distance is the likely top.

To: Jenna who wrote (26327)	3/7/1999 2:22:00 AM
From: Michael Berkel	Respond to of 120523

CMGI: Earnings on Thursday. Will they report after the close or before the opening? I try to get the whisper number. But does it matter if they make the numbers? Here is what I forsee as problems on Thursday: how should one value the >30 IPO's that CMGI is having in its portfolio? If one of the IPO's turns out to become another LCOS or GCTY we are talking telephone numbers. If not the company is worth much less. This will remain an unknown on Thursday of course. Since they have invested in some many ventures, you get a figure that is not based on a recurring earnings pattern like in the case of YHOO or AOL. Since CMGI is so hard to appraise, people are busy concentrating now on a stock split announcement, but this is completely beside the point.